FLUID Surges 40% After Upbit Listing Announcement
Fluid (FLUID) Price Surge
- FLUID surged over 40% in the past 24 hours, reaching a market cap of $558 million.
- The token hit a daily high of $5.44 and is now trading at $7.24.
- Trading volume increased by 700%.
- Despite gains, FLUID is still 82.16% below its all-time high of $29.36 from over four years ago.
Upbit Listing Impact
- Upbit listed FLUID on September 25, 2025, across KRW, BTC, and USDT markets.
- Initial trading prices were 7,277.68 KRW, 0.00004644 BTC, and 5.26 USDT.
- Upbit implemented a ±10% price band and order restrictions for stability.
- Deposits are supported via the Ethereum network (FLUID-ERC20) with strict wallet requirements.
FLUID Protocol Overview
- FLUID is a decentralized liquidity protocol unifying DeFi liquidity.
- Enhances capital efficiency, reduces costs, and supports staking, yield farming, and liquidity provision.
- Aims to optimize asset usage for seamless liquidity solutions.
Technical Analysis
- FLUID's 3-hour chart shows a breakout after consolidation.
- Bollinger Bands indicate potential high volatility.
- MACD indicator turned bullish, suggesting potential upside to $8.50–$9, with resistance at $7.50.
- If price falls below $5.30, a retest of $4.60 lows may occur.
